Lagos , Nigeria -LRB- CNN -RRB- -- A month after Nigeria 's ruling party ruled he may stand for re-election next year , President Goodluck Jonathan said Wednesday he intends to run .

Jonathan said he plans to make a formal declaration about his candidacy Saturday .

`` In presenting myself for service , I make no pretense that I have a magic wand that will solve all of Nigeria 's problems or that I am the most intelligent Nigerian , '' Jonathan wrote on his Facebook page .

`` Far from it . What I do promise is this -- if I am elected president in 2011 , I will make a covenant with you , the Nigerian people , to always do right by you , to tell you the truth at all times , to carry you along and most importantly to listen to you , fellow citizens in our communities , and also those of you on this page . ''

Jonathan 's eligibility was in question until last month , when the Peoples Democratic Party said he could run in an open race with other candidates next year .

Under Nigerian `` zoning '' rules , power must shift to different regions and ethnic groups every eight years .

Jonathan -- who is from the Niger Delta , in the south -- was part of the joint ticket of the late President Umaru Yar ` Adua , who was from the north .

Yar ` Adua 's death in May , after a long illness , upset the order of the zoning . Yar ` Adua was elected in 2007 and his southern replacement threatened to halt the north 's turn at holding power .

`` I know you are tired of empty promises , so I will make only one promise to you today , '' Jonathan wrote . `` The only promise I make to you my friends , fellow citizens and Nigeria , is to promise LESS and deliver MORE if I am elected . ''

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Jonathan says he will formally declare his candidacy Saturday

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He made the announcement on his Facebook page

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Authorities approved his eligibility last month